🎯 Libra whitepaper is a hodgepodge of contradictions and buzzwords.
Facebook owns your data and now they want your money.
They are trying to create a total government coin, which is perfect for spying, censoring, controlling and can be inflated at will.
If you were a central bank or IMF, this is how you would design a coin.
⚠️ Do not underestimate Facebook's attempt to create a Global Coin, because they are going to offer an easy access to finance (as to a FB account) and that's huge (especially for the third world).
It can kill Western Union and other remittance companies.
Maybe one of their goals is to prevent the expansion of WeChat (especially WeChat Pay) in the west.
Libra also may be an attempt to distract the masses from Bitcoin, but it will do the opposite: Facebook is going to draw billions of people's attention to crypto, and when those people discover Bitcoin as a better alternative, a lot of money will flow into it.